The Finance Ministry has on August 12 notified a corrigendum to the new Income-Tax Bill 2025, which clarifies the interest to be charged on short payment of advance tax by a taxpayer, according to a PTI report. This corrigendum provides for 3 per cent interest on short payment of advance tax, and aligns the new…
Apple is set to launch its new line of iPhones next month. The iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max and iPhone 17 Air are expected to be launched on September 9, as per a Gulf News report. The pre-orders for Apple’s new smartphones are expected to start on September 12, the outlet…
The Miami Dolphins will begin their 2025 NFL preseason with an exciting matchup against the Chicago Bears on Sunday (August 10). The game to be played at Hard Rock Stadium promises an electric atmosphere as fans get their first glimpse of the Dolphins’ revamped roster. Both teams will be eager to showcase their young talent…
I use UPI, invest online, and am curious about crypto and other digital assets. But with all the hype and a lack of clear rules, I’m not sure if it’s actually smart to go all-in on the “future of money”. What should someone like me, who wants to stay ahead, keep in mind when choosing…
Many parents wish to invest in direct mutual funds online on behalf of their children, but few asset management companies offer this facility and registrar and transfer agent (RTA) websites don’t support online investing for minors. As a result, parents often end up taking the offline route, visiting a bank or a mutual fund distributor….
But with great potential comes considerable volatility, and this is where the debate between active and passive investing becomes wealth-defining. Unlike large-cap companies, which typically offer stability and established cash flows, small- and mid-cap companies often operate in emerging sectors, experience sharper business cycles, and face greater regulatory and competitive risks. These characteristics make them…
The Lok Sabha passed the revised Income Tax (No. 2) Bill, 2025 on Monday, August 11, a move towards replacing the six-decade-old Income Tax Act of 1961. Introduced by Finance Minister Nirmala Sitharaman in the Parliament, the bill aims to streamline and modernise the country’s tax framework. It will now move to the Rajya Sabha…
The nation’s Income Tax Department has extended the ITR-filing deadline for the current assessment year to 15th September, 2025. This extension provides taxpayers additional breathing room beyond the original 31st July cutoff date. Furthermore, by early August, some 2.51 crore returns have already been filed, with 2.43 crore verified and 1.13 crore processed. The objective…
After ICICI Bank increased the minimum average monthly balance (AMB) requirements for savings accounts steeply from August 1, there is a renewed focus on the fee banks charge for not maintaining the required amount in these accounts. The move comes close on the heels of leading public sector banks, including State Bank of India (SBI),…
(Bloomberg) — An Australian rocket crashed shortly after taking off, marking the first attempt to reach orbit with a made-in-Australia vehicle. Space startup Gilmour Space Technologies’ first test flight of its Eris rocket left the launch pad at the company’s Bowen Orbital Spaceport, about 1,000 kilometers (620 miles) northwest of Brisbane, on Wednesday morning local…
